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NEWS RELEASE XM to Host Live "War of the Worlds" Re-enactment with Glenn Beck on Oct. 30 10/28/2002 FULL-SCALE PERFORMANCE, FAITHFUL TO ORIGINAL, TO FOLLOW AIRING OF ORSON WELLES ORIGINAL AND VERSION WITH FIRST "STAR TREK" ACTORS Washington D.C., October 28, 2002 -- Reviving a watershed event in American radio, nationally syndicated talk show host Glenn Beck will re-enact "War of the Worlds" on Oct. 30, live from 8-9 p.m. ET. The broadcast will originate from XM Satellite Radio's world-class live performance studio in Washington DC and will be heard on Buzz XM (XM channel 166) as well as Beck's 100 radio affiliates. Premiere Radio Networks is producing the performance, which will remain faithful to the original script performed by Orson Welles in 1938. The program, featuring a dozen actors, a 15-piece orchestra, and Foley effects, will air without commercial interruption. The live Beck broadcast will follow two recorded versions of "War of the Worlds," also presented on XM without commercial interruption. The Welles original, arguably the most famous radio program ever aired, will run from 6-7 p.m. ET on Radio Classics (XM channel 164). An LA Theaterworks version performed by cast members of the original "Star Trek" TV series will run from 7-8 p.m. ET on Sonic Theater (XM channel 163). "We're thrilled to help bring back a watershed event in radio and a vital moment in American culture," said XM Vice President Steve Harris. "XM's world-class performance studio was built to make just this kind of event possible." Glenn Beck stated, "We looked all over the country for a studio that could not only accommodate the size of our cast and crew, but also had the technical capabilities to recreate something 64 years old with the cutting edge 1 capabilities of tomorrow. XM quickly became the obvious choice." On Oct. 31, 1938, actor and producer Orson Welles captivated the nation, and set off widespread panic, with a dramatization of H.G. Wells' late-19th Century fantasy. Thousands of listeners across the nation mistook the broadcast for news reports of an actual Martian invasion that detailed meteor landings in New Jersey and aliens killing Earthlings with death-rays. Many New Jersey and New York residents abandoned their homes or massed to combat the Martians. XM's 1,500-square-foot live performance studio, used by dozens of top artists since its debut in May, can accommodate 50 people or a 40-piece orchestra. The world-class studio combines glass, metal, ceramic, wood, Fiberglas and other components, all spaced and angled according to precise mathematical calculations, to diffuse and absorb signals to produce the studio's warm signature sound. The Glenn Beck Program is a three-hour radio talk show nationally syndicated by Premiere Radio Networks. It airs on 100 stations weekdays from 9 a.m. to noon ET. Beck inspires listener emotion as he shares his truth on any given subject from religion and politics to current events and produced comedic bits. XM Satellite Radio (Nasdaq: XMSR) is the fastest-selling audio product in the last 20 years, with 201,500 subscribers as of Sept. 30. General Motors recently began selling factory-installed XM radios across 25 different 2003 models including household brand names such as Buick, Cadillac, Chevrolet, GMC, Oldsmobile and Pontiac. Honda offers XM in the Honda Accord, Honda Pilot and Acura MDX. Isuzu dealers offer XM radios to buyers of their Axiom and Rodeo models. XM will be available as an option on future Audi and Volkswagen models. XM radios are available at major electronics retailers nationwide. Leading manufacturers such as Sony, Alpine, Pioneer and Audiovox offer a broad array of XM radios that easily enable any existing car stereo system. XM is transforming radio, an industry that has seen little technological change since FM, almost 40 years ago. XM's programming lineup features 101 coast-to-coast digital channels: 70 music channels, many of them commercial- free, from hip hop to opera, classical to country, bluegrass to blues; and 31 channels of sports, talk, children's and entertainment. XM was named 2001 "Product of the Year" by Fortune, an "Invention of the Year" by Time and won Popular Science's 2001 "Best of What's New" Grand Award in the electronics category. XM won several awards at the 2001 Consumer Electronics Show (CES), including "Best of CES" in the automotive category, and received a coveted "A" rating from Entertainment Weekly. XM's strategic investors include America's leading car, radio and satellite TV companies -- General Motors, American Honda Motor Co. Inc., Clear Channel Communications and DIRECTV. For more information, please visit XM's web site: http://www.xmradio.com. Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for the company's service, the company's dependence on third party vendors, its 2 continuing need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.'s Form S-3 filed with the Securities and Exchange Commission on 6-21-2002. Copies of the filing are available upon request from XM Radio's Investor Relations Department. 3.
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